BWX Technologies (NYSE:BWXT) Posts Earnings Results

BWX Technologies (NYSE:BWXT) released its quarterly earnings results on Monday. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06, Briefing.com reports. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue was up 13.9% on a year-over-year basis. BWX Technologies updated its FY24 guidance to ~$3.20 EPS and its FY 2024 guidance to 3.200-3.200 EPS.

BWX Technologies Price Performance

Shares of BWXT opened at $121.80 on Tuesday. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 4.41 and a beta of 0.69. The firm’s fifty day simple moving average is $110.82 and its 200-day simple moving average is $100.22. BWX Technologies has a twelve month low of $74.62 and a twelve month high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.67.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.